Is the world running out of copper

Article content Copper is crucial to electrification and it’s also increasingly difficult to find. Article content This week on the Down to Business podcast, Kevin Murphy and Mark Ferguson, directors of metals and mining at S&P Global Commodity Insights, both based in Halifax, discuss the declining number of copper discoveries and what it means for the energy transition. Here’s one piece of data: In the 1990s, on average, 11.5 major copper deposits were discovered each year. In the following decade, 9.4 major copper deposits were discovered on average a year. But between 2010 and 2019, there were on average only 1.9 major copper deposits discovered each year. Ferguson and Murphy explain some of the reasons for the decline in discoveries and why some mining companies may now favour buying existing mines rather than searching for brand new deposits. As always the interview is edited for clarity and brevity. Subscribe to Down to Business on your favourite podcast app. If you have any questions about the show, or if there are topics you want us to tackle, email us: downtobusiness@postmedia.com. • Email: gfriedman@postmedia.com | Twitter: GabeFriedz How the movie theatre came back from the dead Inside the only rare earths mine in Canada #distro

This article was published by: Gabriel Friedman

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